Source: The Economic Times
Mumbai: Markolines Pavement Technologies, a highway infrastructure company, has been awarded a contract for ₹100 crore from Trans Metalite India for road maintenance work in Andhra Pradesh. The company announced the news.
As per the statement, the order is for patch repair works, and will be executed for five years. This deal further enhances Markolines’ position in the space of road maintenance and infrastructure solutions.
“Markolines Pavement Technologies has secured a Rs 100 crore order from Trans Metalite India Ltd for patch repair works in Andhra Pradesh,” the statement added.
Several Orders This Year
In addition to this project, Markolines has been awarded many other contracts this financial year worth almost ₹97.47 crore. This included two repeat orders for the company’s long-term client, Varanasi Aurangabad NH-2 Tollway Pvt Ltd.
Repeat business demonstrates its strong relationship with the clients and is an indication that they have confidence in its services.
Solid Order Book
With the latest wins, Markolines’ unexecuted order book has gone beyond ₹400 crore, and the company expects these projects will come into revenue over the next 12–24 months and will have orders in the pipeline.
Speaking about some of the new contract wins, Sanjay Patil, Founder and CMD of Markolines Pavement Technologies, said:
“As an integrated highway maintenance solutions company, we focus on innovative, customised services for our clients. The strength of our current order book is a reflection of the faith our clients have in us, and we expect it to expand further with the continued infrastructure push,” Sanjay Patil, Founder, CMD of Markolines Pavement Technologies, said.
About the Company
Markolines Pavement Technologies is an integrated highway operations and maintenance company located in Mumbai. Markolines is engaged in providing various operations and maintenance services to road infrastructure owners/operators, including preventive maintenance, micro-surfacing, cold in-place recycling and patch repair works.
The company has focused its attention on delivering effective and sustainable road solutions at affordable prices. The company’s objective is to provide a level of defined service on projects to keep the highways safe, resilient and efficient for carrying daily traffic.
Increasing Significance of Maintenance
As the highway network expands in India, maintenance is seen as increasingly important, equal to building new roads, by industry experts. Timely maintenance is a way to save money, improve safety, and increase road life. For players like Markolines, this change creates a significant opportunity.
